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Rachel Reeves hints there will be budget measures to push down prices and Bank of England is likely to act
After three months on a high plateau, inflation is beginning to ease again. The drop from 3.8% to 3.6% in the October consumer prices index sets the UK on a downward path that reduces the pressure on shoppers, businesses and the government.
Never mind that City economists had expected a fall last month. It appears to be a turning point back towards normality after a topsy-turvy year that everyone wants to put behind them.
Source: www.theguardian.com
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